#HYPE再度領漲

It is not recommended to blindly chase at the current price (around $58.8). Currently, HYPE benefits from on-chain commodities and TradFi rotational demand, causing the 1-hour candlestick chart to show a strong upward channel, with whale funds holding a bullish dominance (long-short ratio of 125.69%).

However, the price has approached the previous high resistance zone, coupled with the negative pressure from the upcoming large token unlock on June 6, which could lead to significant shakeouts if chased high now. Below is an analysis of both bullish and bearish operational strategies:

Bullish operation directions (long/spot accumulation): wait for a pullback to re-enter support levels: in the short term, it is recommended to wait for the price to retrace to around $47.2, near the lower boundary of the upward channel, observe if buying interest re-enters, then consider entering with a light position. Follow the breakout of previous highs: if a strong volume breakout and stabilization above $50.8 up to the previous high resistance zone occur, it can be seen as a bullish signal driven by derivatives market demand, aiming for new highs. Fundamental support: Hyperliquid platform’s HIP-4 event contracts and RWA (oil, silver, S&P 500) perpetual contracts have seen explosive trading volume, providing an independent demand engine for the token, with medium- to long-term fundamental support still intact.

Bearish operation directions (shorting/hedging): do not blindly short aggressively: currently, the capital and structural conditions remain relatively strong. Without clear trend reversal signals (such as breaking below the upward channel), it is not advisable to blindly attempt top-side shorting. Prepare for unlock-related negative risks: historically, in the week before large token unlocks, the market often prices in supply risks in advance.

Options hedging strategies: closely monitor market trends from late May to early June. If the price stagnates at high levels, consider using on-chain options or perpetual contracts to gradually establish put positions before the unlock date as a hedge.